Cattaraugus County Bank Mortgage Rates, Fees & Info

Little Valley, NY

LEI: 549300JEHXW73XYX6533

Tax ID: 16-0377180

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Cattaraugus County Bank is a smaller bank specializing in Cash Out Refi, Home Purchase, and Refi loans. Cattaraugus County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jamestown, Olean, and Buffalo among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cattaraugus County Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    131

    Origination Dollar Volume (All Markets)

    $23,395,000

    Employee count

    63

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 70 $10,550,000 $150,714 $0 0.00%
    Olean, NY (FHA|USDA|VA) 40 $6,490,000 $162,250 $0 0.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 21 $6,355,000 $302,619 $0 0.00%
    Cattaraugus County Bank's top markets include Jamestown, Olean, and Buffalo among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $23,395,000 $178,588 $0 0.00%

    For 2020, Cattaraugus County Bank's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 59 $8,685,000 $147,203 $0 0.00%
    Home Purchase 39 $8,655,000 $221,923 $0 0.00%
    Refi 31 $5,825,000 $187,903 $0 0.00%
    Home Improvement 2 $230,000 $115,000 $0 0.00%

    For 2020, Cattaraugus County Bank's most frequently cited loan purpose was Cash Out Refi, with 59 originations. The 2nd most popular reason was Home Purchase, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $23,395,000 $178,588 $0 0.00%

    For 2020, Cattaraugus County Bank's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 55 $7,715,000 $140,273 $0 0.00%
    $100,000 or less 39 $2,625,000 $67,308 $0 0.00%
    $200k-400k 28 $7,410,000 $264,643 $0 0.00%
    $400k-600k 6 $2,840,000 $473,333 $0 0.00%
    $600k-1MM 2 $1,600,000 $800,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2020 saw Cattaraugus County Bank place emphasis on $100k-200k loans with 55 originations, totaling $7,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $3,265,000 $112,586 $0 0.00%
    $100k-150k 27 $3,675,000 $136,111 $0 0.00%
    $150k-250k 25 $5,015,000 $200,600 $0 0.00%
    $75k-100k 15 $1,915,000 $127,667 $0 0.00%
    $250k+ 14 $4,800,000 $342,857 $0 0.00%
    $50k or less 12 $950,000 $79,167 $0 0.00%

    Cattaraugus County Bank lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $23,395,000 $178,588 $0 0.00%

    Cattaraugus County Bank lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 119 $19,005,000 $159,706 $0 0.00%
    Not applicable 8 $3,470,000 $433,750 $0 0.00%
    American Indian 4 $920,000 $230,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.76%

    Cattaraugus County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.26%

    Cattaraugus County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $23,395,000 $178,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,220,000 $555,000
    Single Family (1-4 Units):Site-Built 127 $21,175,000 $166,732

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cattaraugus County Bank 116-20 Main Street Little Valley, NY 14755 Full Service B&M $66,702
    Cattaraugus County Bank 1165 Main Street Extension Dunkirk, NY 14048 Full Service B&M $29,965
    Cattaraugus County Bank 325 South Cascade Drive Springville, NY 14141 Full Service B&M $42,896
    Cattaraugus County Bank 42 Main Street Randolph, NY 14772 Full Service B&M $30,317
    Cattaraugus County Bank 517 Pine Street South Dayton, NY 14138 Full Service B&M $32,700
    Cattaraugus County Bank 550 Broad Street Salamanca, NY 14779 Full Service B&M $28,879
    Cattaraugus County Bank 870 Fairmount Avenue Jamestown, NY 14701 Full Service B&M $26,497

    For 2020, Cattaraugus County Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,633
    Net interest income $9,332
    Total noninterest income $1,743
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $369
    Trading account gains and fees $0
    Additional Noninterest Income $1,374
    Pre-tax net operating income $1,919
    Securities gains (or losses, -) $125
    Income before extraordinary items $1,654
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,654
    Minority interest net income $0
    Net income $1,654
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,552

    Cattaraugus County Bank's gross interest income from loans was $10,633,000.
    Cattaraugus County Bank's net interest income from loans was $9,332,000.
    Cattaraugus County Bank's fee based income from loans was $369,000.
    Cattaraugus County Bank's net income from loans was $1,654,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,301
    Provision for credit losses $337
    Total noninterest expense $8,819
    Salaries and employee benefits $4,497
    Premises and equipment expense $1,050
    Additional noninterest expense $3,272
    Applicable income taxes $390
    Net charge-offs $-392
    Cash dividends $218

    Cattaraugus County Bank's interest expense for loans was $1,301,000.
    Cattaraugus County Bank's payroll and benefits expense were $4,497,000.
    Cattaraugus County Bank's property, plant and equipment expenses $1,050,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 4.0%
    Real Estate loans 5.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 11.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $263,231
    Deposits held in domestic offices $263,231
    Deposits by Individuals, partnerships, and corporations $240,142
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $21,780
    Deposits by Commercial banks and other depository institutions in U.S. $1,309
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $120,703
    Demand deposits $60,588
    Nontransaction accounts $142,528
    Money market deposit accounts (MMDAs) $14,169
    Other savings deposits (excluding MMDAs) $97,354
    Total time deposits $31,004
    Total time and savings deposits $202,643
    Noninterest-bearing deposits $60,588
    Interest-bearing deposits $202,643
    Retail deposits $259,153
    IRAs and Keogh plan accounts $7,733
    Brokered deposits $53
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $297,977
    Cash & Balances due from depository institutions $22,400
    Interest-bearing balances $18,956
    Total securities $62,068
    Federal funds sold & reverse repurchase $0
    Net loans and leases $196,474
    Loan and leases loss allowance $3,400
    Trading account assets $0
    Bank premises and fixed assets $4,736
    Other real estate owned $79
    Goodwill and other intangibles $0
    All other assets $12,220

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $297,977
    Total Liabilities $273,579
    Total deposits $263,231
    Interest-bearing deposits $202,643
    Deposits held in domestic offices $263,231
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $5,348

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $196,474
    Loan and leases loss allowance $3,400
    Total loans and leases (domestic) $199,874
    All real estate loans $164,502
    Real estate loans in domestic offices $164,502
    Construction and development loans $13,409
    Residential 1-4 family construction $600
    Other construction, all land development and other land $12,809
    Loans secured by nonfarm nonresidential properties $74,487
    Nonfarm nonresidential secured by owner-occupied properties $32,345
    Commercial real estate & other non-farm, non-residential $42,142
    Multifamily residential real estate $21,726
    1-4 family residential loans $52,659
    Farmland loans $2,221
    Loans held in foreign offices $0
    Farm loans $2,462
    Commercial and industrial loans $29,446
    To non-U.S. addressees $0
    Loans to individuals $2,308
    Credit card loans $0
    Related Plans $887
    Consumer Auto Loans $313
    Other loans to individuals $1,108
    All other loans & leases $1,156
    Loans to foreign governments and official institutions $0
    Other loans $171
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,027
    Non 1-4 family restructured loans & leases $2,931
    Total loans and leases (foreign) $0

    Cattaraugus County Bank had $196,474,000 of loans outstanding in 2020. $164,502,000 of loans were in real estate loans. $13,409,000 of loans were in development loans. $21,726,000 of loans were in multifamily mortgage loans. $52,659,000 of loans were in 1-4 family mortgage loans. $2,462,000 of loans were in farm loans. $0 of loans were in credit card loans. $313,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 118 $33,345 $282,585
    Nonfarm, nonresidential loans - <$100k 18 $1,049 $58,278
    Nonfarm, nonresidential loans - $100-250k 35 $4,953 $141,514
    Nonfarm, nonresidential loans - $250k-1MM 65 $27,343 $420,662
    Commercial & Industrial, US addressed loans - <$1MM 304 $23,907 $78,641
    Commercial & Industrial, US addressed loans - <$100k 190 $5,220 $27,474
    Commercial & Industrial, US addressed loans - $100-250k 70 $7,007 $100,100
    Commercial & Industrial, US addressed loans - $250k-1MM 44 $11,680 $265,455
    Farmland loans - <$1MM 12 $1,421 $118,417
    Farmland loans - <$100k 4 $214 $53,500
    Farmland loans - $100-250k 5 $638 $127,600
    Farmland loans - $250k-1MM 3 $569 $189,667
    Agriculture operations loans - <$1MM 17 $1,113 $65,471
    Agriculture operations loans - <$100k 11 $200 $18,182
    Agriculture operations loans - $100-250k 5 $564 $112,800
    Agriculture operations loans - $250k-1MM 1 $349 $349,000